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Lucknow Metro Rail, Lucknow Metro Rail Corporation Limited

Lucknow Metro gets Euro 450mn credit from European bank

Lucknow Metro gets Euro 450mn credit from European bank

Lucknow Metro will get an credit help of 450 million Euros (Rs 3,502 cr) from European Investment Bank (EIB) for its Phase-1A venture.

An assention in such manner was marked in Brussels on March 30, 2016 in the vicinity of Prime Minister Narendra Modi amid his visit to the Belgium capital. The credit sum will be discharged in two tranches of 200 million Euros and 250 million Euros.

The credit assention was marked by the Indian Ambassador to Belgium Manjiv Singh Puri and Vice-President of European Investment Bank Jonathan Taylor.

The 22.878 km long Lucknow Metro Phase-1A task was affirmed by the Government of India in December, 2015 at an expense of Rs 6,928 cr on 50:50 value financing by the Central and State Government.




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